Global TradFi & Macroeconomics

According to the Korea Exchange on July 29, stocks trading below price-to-book ratio (PBR) of 1.0x reached 75% of listed companies on the KOSPI market, marking the highest proportion of the year. Out of 802 listed stocks eligible for PBR calculation, 600 companies recorded PBR below 1.0x,

The KOSDAQ index dropped to the 600-level for the first time in one year and three months. After rising to 1226.18 on April 27 on expectations of government support measures, the index fell approximately 50% within three months. The decline was driven by capital outflows to the KOSPI market and the

Singapore's FTSE Straits Times Index (STI) reached an all-time high of 5,675.32 points during intraday trading on July 29, driven by gains in major banking stocks including DBS Group Holdings, OCBC, and UOB. The record came as broader Asian markets declined sharply due to concerns over high

According to Chosun Ilbo, on July 29, South Korean retail investors placed about 30 wreaths outside the National Assembly, demanding the elimination of 2x leverage ETFs tracking Samsung Electronics and SK Hynix following a sharp market decline. The wreaths were delivered by a retail investor group c

South Korea's KOSDAQ index plummeted to 600 level on July 29, marking its lowest point in 16 months. The index had climbed to 1,226.18 on April 27, 2026, amid expectations of government support measures, but fell approximately 51% in just three months. The sharp decline represents the largest

Grayscale Research published a valuation analysis Tuesday stating that Hyperliquid (HYPE) appears undervalued compared to fintech equities. The asset manager's Head of Research Zach Pandl applied an 'earnings per token' methodology, projecting the token trades at a 15x to 18x forward multiple

According to Yonhap, Singapore's benchmark Straits Times Index (STI) hit an all-time high of 5,675.32 points on July 29, led by strength in banking stocks including DBS Group Holdings, OCBC, and UOB. The resilience contrasts sharply with steep declines across the broader region as concerns over AI s

U.S. stock futures showed mixed movement early Wednesday as the Federal Reserve prepared to announce its policy decision at 2 p.m. ET, with Nasdaq futures falling 0.1% while S&P 500 futures rose 0.2% as of 4:00 a.m. ET. Investors awaited earnings reports from Microsoft and Meta Platforms scheduled a

New Oriental reported Q4 2026 net revenue of $1.53 billion, exceeding analyst expectations of $1.47 billion and representing a 4% beat. Operating profit for the quarter reached $85.8 million, surpassing the consensus estimate of $75.5 million

Adani Enterprises reported a net loss of 11.6 billion rupees in the first quarter, compared to a profit of 8.85 billion rupees in the same period last year. The sharp swing from profitability to loss marks a significant turnaround for the Indian infrastructure and logistics

According to Jin10 Futures, since mid-to-late July, outbound transfers of Xinjiang cotton to inland regions have slowed, with warehouse inventory pressures declining across monitoring and delivery warehouses in Aksu, Kashgar, and Kuytun. As of July 20, Xinjiang's commercial cotton inventory had

Korea Ratings assessed on the 29th that SK D&D's planned rights offering will enhance the company's liquidity response capability. The credit rating agency stated that if 136.7 billion won in cash flows in normally through the capital increase, it will contribute to improving short-term liquidity

Retail investors in the Korean stock market have abandoned their strategy of buying during sharp KOSPI declines, removing a key source of downside support that previously absorbed large sell orders. The shift follows heightened volatility in Korean stocks relative to global markets this year, with f

According to Korea Ratings and Data today (July 29), SK D&D announced a capital raise of 136.7 billion won through equity issuance, enhancing its near-term liquidity capacity. The company will use 62 billion won to repay private bonds maturing in October and allocate 753 billion won for additional p

According to Sberbank of Russia, the country's inflation is forecast at 6.5%-7% for 2026.

According to Maeil Business Newspaper, South Korea's KOSPI index crashed from a record high of 9,114.55 to 5,663 in just 23 trading days, marking a 40% decline and reversing its position from the world's best-performing index year-to-date to the worst performer. The sharp selloff was driven by

At 12:00 a.m. on July 30 (Beijing time), the Fed will release its July FOMC meeting decision. This will be the second FOMC meeting since Fed Chair Kevin Wosch took office, and it may well be the most difficult to predict in recent years. The CME FedWatch tool shows that, as of July 29, the probability that the market is pricing in the Fed keeping the policy rate unchanged in the 3.50% to 3.75% range is 70.6%, and the probability of a 25-basis-point rate hike is 29.4%. This probability structure

UMC reported H1 2026 net profit of 58.43 billion TWD on revenue of 129.77 billion TWD, with operating profit of 26.23 billion TWD and earnings per share of 4.68 TWD.

According to ChainCatcher, Binance will add 10 bStocks tokenized securities as eligible margin collateral effective today (July 29) at 20:00 UTC. The newly supported tokens are Apple (AAPLB), Bloom Energy (BEB), Amazon (AMZNB), Direxion Semiconductor Bear 3X ETF (SOXSB), Dell (DELLB), Fluence Energy

South Korean lawmaker Choi Eun-seok accused the Financial Services Commission (FSC) of rushing single-stock leveraged ETF approvals under pressure from the presidential office during a parliamentary hearing on the 29th. Choi alleged that presidential policy director Kim Yong-beom instructed the FSC